S&P Dow Jones Is Considering Removing Lebanese Stocks From Its Index As Soon As Next Month

SourceThe961
SectorFinancial Markets
CountryLebanon

S&P Dow Jones Indices (S&P DJI) is studying removing Lebanese stocks from several of its indexes. In a statement on Friday, S&P DJI said that it was considering excluding Lebanon-domiciled stocks from the S&P Frontier BMI and related sub-indexes, in addition to the S&P Pan Arab Indices. If implemented, the decision, which is being reviewed with market participants, would impact Solidere, Bank Audi, Byblos Bank, and BLOM Bank — 4 of the biggest listed Lebanese companies.

S&P DJI, a division […]

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S&P Dow Jones Indices (S&P DJI) is studying removing Lebanese stocks from several of its indexes. In a statement on Friday, S&P DJI said that it was considering excluding Lebanon-domiciled stocks from the S&P Frontier BMI and related sub-indexes, in addition to the S&P Pan Arab Indices. If implemented, the decision, which is being reviewed with market participants,...read more...